Navan IPO tumbles 20% after historic debut under SEC shutdown workaround | TechCrunch
[ad_1] Navan, the corporate travel and expense platform, finished its first day of trading on the Nasdaq on Thursday down 20% from its $25 IPO price, resulting in a valuation of approximately $4.7 billion for the 10-year-old company. The company was the first to use a new SEC rule that allows public listings during a…